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Vice Media Laying Off 155 Employees

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Citing business challenges and a low return on investment from resources spent on producing content for digital platforms, Vice Media C.E.O.

Nancy Dubuc announced plans on Friday morning for 155 employees to be laid off. In a memo, Dubuc said that 55 staffers will be cut on Friday in the U.S.

and that "approximately" 100 staffers will be cut abroad "over the coming weeks." "I want you to know that we've done absolutely everything we could to protect these positions for as long as possible, and your time and contributions will forever be part of who we are and who we will become," Dubuc wrote in the memo, which was obtained by The Hollywood Reporter.

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